Make Understocking and Overselling Problems of the Past
Whether it’s taking up space at your own warehouse or sitting in a third-party fulfilment centre, having the correct inventory level is critical. But without reliable forecasts, you’ll always run the risk of miscalculating inventory needs.
ChannelAdvisor’s Demand Forecaster allows you to accurately predict the inventory needed to meet upcoming sales volume, without over- or understocking. This advanced feature puts the right data at your fingertips so you can get the right level of inventory — at the right time and for the right channel. Say “goodbye” to overselling and surplus inventory and “hello” to more sales, from season to profitable season.
How It Works
Demand Forecaster applies machine learning to perform detailed, SKU-level analysis
of $8.9 billion worth of historical sales and seasonal data pulled from hundreds of channels. The breadth and depth of this analysis greatly increases the accuracy of inventory forecasts, telling you precisely how much stock you’ll need to meet upcoming demand. Use it to:
The stock level predictor provides accurate inventory forecasting through seasonal sales cycles, making it exponentially easier to avoid missing sales opportunities from running out of stock too soon.
By predicting per-product estimates of what inventory levels will look like and when stock will run low on each channel over a period of 30, 60 or 90 days, you can prevent unnecessary inventory fees and closeout pricing.
The historical seasonal sales analyser pulls from $8.9 billion in GMV data across thousands of sellers and some 100 channels to help you align inventory to the latest e-commerce trends.
Ready to Use Demand Forecaster?
Know how much inventory you need at all times with ChannelAdvisor’s proprietary Demand Forecaster technology. Request a demo to see it in action.